News Agencies Feed 

REAL ESTATE

Value of awarded contracts in Saudi Arabia set to rebound in H2 2020
September 24, 2020

RIYADH — The value of awarded contracts in the Kingdom decreased during the second quarter to SR11 billion ($2.9 billion) after a strong showing during the first quarter, according to a report by the US-Saudi Business Council (USSBC). The promising start to the year fizzled during Q2 as numerous project awards were suspended due to the effects of the coronavirus pandemic.

Furthermore, many of the projects that were in initial phases of execution"...

Continue Reading >

Saudi Arabia seeks to join many intellectual property treaties'
September 22, 2020

RIYADH — Saudi Arabia seeks to join many intellectual property treaties by the end of this year, said the Kingdom’s ambassador to the United Nations in Geneva, Dr. Abdulaziz Al-Wasil, on Monday while referring to the Kingdom’s joining the “Locarno Agreement” and the “Vienna Agreement early this month.

Al-Wasil also said that the Saudi Authority for Intellectual Property (SAIP) has set up a national committee for the"...

Continue Reading >

Israel, Saudi discuss building pipeline to connect nations
September 20, 2020

Israel plans to persuade the United Arab Emirates (UAE) to promote the construction of a pipeline between Saudi Arabia and Israel for oil and distillates for shipping, from the Mediterranean coast onto Europe and the US.

The intended construction plans to use the existing infrastructure of the Eilat Ashkelon Pipeline Co. Ltd. Such a plan would financially benefit Israel and be cheaper and"...

Continue Reading >

Jones Day plays key role in finance deal for big Saudi sewage plant
September 19, 2020

Jones Day, a global law firm with a major presence across five continents, said it had acted as the legal counsel for Marafiq consortium on the financial closing of Saudi Arabia’s largest privately-financed sewage treatment plant, the Jeddah Airport 2 ISTP.

The project forms part of the Saudi Government’s"...

Continue Reading >

Saudi Arabia’s Neom appoints Aecom to design city's transport and utilities infrastructure
September 16, 2020

Neom, a $500 billion (Dh1.84 trillion) futuristic project planned for the north of Saudi Arabia, awarded a transport and utilities infrastructure design contract to Aecom, one of the world's biggest building consultancy firms.

In addition to design services, Aecom’s scope of work also includes environmental and geotechnical support, the US-based firm said in a statement on Tuesday."...

Continue Reading >

Saudi Arabia to start restoration of heritage palaces, monuments
September 15, 2020

HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence has ordered the restoration of urban heritage buildings of architectural and historical significance in the capital Riyadh, reported SPA.

A total of 15 heritage palaces and five royal palaces will be covered"...

Continue Reading >

Acciona achieves key construction milestone at Saudi plant
September 15, 2020

Spanish infrastructure major Acciona said it has achieved a key construction milestone on the Al Khobar 1 project with the production of the first cu m of water (equivalent to consumption of a four-member family for a day) at its desalination plant on the east coast of Saudi Arabia.

Acciona is a world leader"...

Continue Reading >

Marafiq consortium inks $280m Saudi sewage plant finance deal
September 14, 2020

Marafiq, a leading power and water utility company for Jubail and Yanbu, said its consortium comprising key partners -Veolia and Amwal AlKhaleejiah - has signed an agreement with Saudi Water Partnership Company (SWPC) for the financial closing of $280-million ISTP (independent sewage treatment plant) project in Jeddah.

Marafiq"...

Continue Reading >

Makkah main bus station project 30pc completed
September 12, 2020

Makkah Region Development Authority (MRDA) is vigorously going ahead with Phase One of the bus project coming up under the kingdom's ambitious Makkah Mass Rail Transit public transport project despite the Covid-19 pandemic, reported Saudi Gazette.

The integrated public transport system consists of four metro"...

Continue Reading >

Saudi Tabreed secures key Makkah district cooling services contract
September 12, 2020

Saudi-based Umm Alqura for Development and Construction Company has awarded a key contract to Saudi Tabreed for providing 12,000 refrigeration tons (RT) of cooling services to its leisure destination n Makkah for a three-year period.

Umm Alqura for Development and Construction Company is the owner and developer"...

Continue Reading >